Looking for the 7 best personal loans in India 2025? Compare interest rates, EMI calculators, top banks, NBFCs, and FAQs on the lowest interest loan providers in India.
🔍 Introduction
Need quick funds for a wedding, medical emergency, home renovation, or travel? A personal loan can come to your rescue. But with so many lenders out there, finding the best personal loan in India with a low interest rate and fast disbursal can be a challenge.
To make things easier, we’ve reviewed the 7 best personal loans in India 2025, covering everything from eligibility, interest rates, EMI calculators, loan tenure, and the top banks and NBFCs offering personal loans.
🏆 Top 7 Best Personal Loans in India 2025
Here are the 7 most reliable and affordable options for personal loans:
1. HDFC Bank Personal Loan
- Interest Rate: 10.50% – 17.55% p.a.
- Loan Amount: ₹50,000 to ₹40 lakh
- Tenure: 1 to 5 years
- Processing Fee: Up to 2.5%
- USP: Instant approval for salaried professionals
2. State Bank of India (SBI) Xpress Credit
- Interest Rate: 10.90% – 13.45% p.a.
- Loan Amount: Up to ₹20 lakh
- Tenure: 6 months to 6 years
- Processing Fee: ₹1000 – ₹2500
- USP: Competitive interest rates for salaried employees
3. ICICI Bank Personal Loan
- Interest Rate: 10.80% – 16.25% p.a.
- Loan Amount: ₹50,000 to ₹25 lakh
- Tenure: Up to 5 years
- USP: Pre-approved loans for existing customers
4. Axis Bank Personal Loan
- Interest Rate: 10.49% onwards
- Loan Amount: ₹50,000 to ₹15 lakh
- Tenure: Up to 5 years
- USP: Fast disbursal with minimum documentation
5. Bajaj Finserv (NBFC)
- Interest Rate: 11% – 35% p.a.
- Loan Amount: ₹30,000 to ₹25 lakh
- Tenure: Up to 5 years
- USP: Great for self-employed and flexible terms
6. Tata Capital Personal Loan
- Interest Rate: 10.99% – 19% p.a.
- Loan Amount: ₹75,000 to ₹25 lakh
- USP: High approval rate for first-time borrowers
7. IDFC FIRST Bank
- Interest Rate: 10.49% – 23% p.a.
- Loan Amount: ₹1 lakh to ₹40 lakh
- USP: Zero prepayment & foreclosure charges
📊 Personal Loan EMI Calculator (2025)
Before applying, use this formula to calculate your EMI:
makefileCopyEditEMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
Where:
P = Principal Loan Amount
R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
N = Loan Tenure in Months
Or better yet, use online calculators offered by:
📋 Personal Loan Finance Company List (India)
Here’s a handy list of top personal loan providers including banks and NBFCs:
🏦 Banks
- HDFC Bank
- ICICI Bank
- Axis Bank
- SBI
- Kotak Mahindra Bank
- IDFC FIRST Bank
- Federal Bank
💼 NBFCs / Small Loan Finance Companies
- Bajaj Finserv
- Tata Capital
- Fullerton India
- Hero FinCorp
- CASHe
- MoneyTap
- Paysense
🏁 Which Bank is Best for Personal Loan in India 2025?
Based on ease of application, approval speed, and interest rates:
| Bank/NBFC | Best For |
|---|---|
| HDFC | Salaried with pre-approval |
| SBI | Government employees |
| ICICI | Existing customers |
| Bajaj Finserv | Self-employed |
| Tata Capital | First-time applicants |
❓ Frequently Asked Questions (FAQs)
Which Bank has the lowest interest rate on Personal Loan in India (2025)?
As of 2025, SBI offers the lowest rates starting from 10.90% p.a., closely followed by HDFC Bank and ICICI Bank.
Which bank is best for a personal loan with low interest?
SBI and IDFC FIRST Bank stand out due to their customer-friendly interest rates and low processing fees.
Which bank is best for personal loan in India?
If you’re salaried, HDFC Bank or ICICI Bank is best. For self-employed or first-time borrowers, Tata Capital and Bajaj Finserv are excellent choices.
What are some trusted personal loan finance companies in India?
NBFCs like Bajaj Finserv, Tata Capital, and Fullerton India offer quick and flexible personal loans.
Is there a personal loan calculator I can use?
Yes! Use HDFC, ICICI, or SBI’s official websites. Simply enter the loan amount, tenure, and interest rate.
Which is the best small loan finance company in India?
For small-ticket loans (under ₹1 lakh), MoneyTap, Paysense, and CASHe are popular options.
Who is the best loan company in India overall?
Based on coverage, trust, and speed:
HDFC Bank (bank)
Bajaj Finserv (NBFC)
SBI (for lowest rates)
✅ Conclusion
The 7 best personal loans in India 2025 offer a great mix of low interest rates, flexible tenure, easy EMIs, and quick disbursal. Before applying, compare offers, read the fine print, and calculate your EMI with trusted tools.
Whether you’re going with a bank or NBFC, make sure to:
- Maintain a good credit score (above 750)
- Avoid hidden charges
- Read customer reviews
💡 Final Tip: Always check for updated interest rates, as banks may change them frequently.
Read also:-
Financial Freedom with PhonePe Loans 0% interest 2025How to get student loan forgiveness 2025Student debt relief: A Game-Changer for Struggling Graduates 2025
Do you have anything to add to the 7 Best Personal Loans in India 2025: Compare, Choose & Apply Please share your valuable feedback. Use the comment section below.
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